Property tax in New York: 1.55%
The median New York homeowner pays $6,582 a year on a home worth $423,800, an effective rate of 1.55%. That ranks 6th of 51, between Vermont (1.59%) and Texas (1.49%). At the median state's 0.8% the same $423,800 home would owe $3,179 less a year.
In dollars, New York has the 11th-highest median home value and the 4th-largest median bill of the 51. By home value it sits between Nevada ($435,400, taxed at 0.47%) and Maryland ($419,900, 0.97%).
| Rank | State | Effective rate | Median bill | Median home value |
|---|---|---|---|---|
| 4 | New Hampshire | 1.66% | $6,667 | $402,500 |
| 5 | Vermont | 1.59% | $5,039 | $316,600 |
| 6 | New York | 1.55% | $6,582 | $423,800 |
| 7 | Texas | 1.49% | $4,232 | $283,800 |
| 8 | Nebraska | 1.49% | $3,549 | $238,600 |
New York property tax by home price
At county rates the median-value home would owe $2,924 a year in Kings County and $11,824 in Monroe County, against $6,582 at the statewide figure.
| Home value | Per year | Per month | vs. median state (0.8%) |
|---|---|---|---|
| $210,000 (half the median) | $3,255 | $271 | +$1,575 |
| $423,800 (median) | $6,569 | $547 | +$3,179 |
| $635,000 (1.5× the median) | $9,843 | $820 | +$4,763 |
| $850,000 (twice the median) | $13,175 | $1,098 | +$6,375 |
Property tax by county in New York
Across the 10 largest New York counties, measured effective rates run from 0.69% in Kings County to 2.79% in Monroe County; at least 4 sit above the statewide 1.55%.
In New York County, Suffolk County, Nassau County and Westchester County the Census caps the median bill at $10,000, so the rate shown is a floor and those counties are left out of the highest-and-lowest comparison.
| County | Main cities | Population | Effective rate | Median home value | Median tax |
|---|---|---|---|---|---|
| Kings County | Brooklyn | 2,646,306 | 0.69% | $889,700 | $6,120 |
| Queens County | Queens | 2,330,124 | 0.88% | $699,200 | $6,130 |
| New York County | Manhattan | 1,627,788 | ≥ 0.9% | $1,108,900 | $10,000+ |
| Suffolk County | Brookhaven, Islip | 1,525,680 | ≥ 1.85% | $539,500 | $10,000+ |
| Bronx County | Bronx | 1,419,250 | 1.03% | $517,000 | $5,310 |
| Nassau County | Hempstead, Oyster Bay | 1,388,138 | ≥ 1.52% | $658,700 | $10,000+ |
| Westchester County | Yonkers, White Plains | 996,888 | ≥ 1.57% | $638,400 | $10,000+ |
| Erie County | Buffalo | 950,044 | 2.08% | $217,400 | $4,525 |
| Monroe County | Rochester | 754,068 | 2.79% | $197,100 | $5,495 |
| Richmond County | Staten Island | 492,734 | 0.92% | $658,500 | $6,074 |